Today I got an incredible chance to pick the brain of a Martin Köppelmann, the CEO and co-founder of Gnosis. For those of you who haven’t heard, Gnosis is a new piece of software that enables you to make predictions on all kinds of events from around the world. Everyone can vote by buying and selling shares of different outcomes thus creating a platform for crowd-sourced information. With Gnosis, you can literally predict the future based on crowd sourced information.
This is all made possible because of the incredible architecture designed by Martin and his team, who have leveraged the decentralized Ethereum network using Smart Contracts. Potential applications are limitless, ranging from insurance and governance solutions to sports betting and financial instruments.
This means that any kind of organization, be it companies, corporations, or even an entire country will have the ability to test a theory or evaluate a policy by harnessing the power of the crowd. Data may then be intelligently organized and displayed within the Gnosis application and critical decisions can be made. And best of all, you can even profit based on your very own predictions!
After successfully founding the Bitcoin prediction market Fairlay, Martin has been on a mission make his mark in the prediction market universe. This is one man who has played the game long enough to understand the intricacies of the industry. It is now, with the culmination of Ethereum’s advanced blockchain technology and the company’s complete decentralization, that Marin is finally able to bring this beautiful piece of software to the world.
So strap yourself in and get ready for this jam packed episode with Martin Köppelmann, CEO and co-founder of Gnosis.
In this episode you’ll discover:
0:30 – The benefits of building a decentralized prediction application on the blockchain
4:40 – The difference between Gnosis and Augur as well as the fundamental processes behind prediction markets
8:30 – What makes Gnosis superior to other betting market applications
12:45 – Martins insider predictions on the top placed trading markets
14: 30 – Everything you need to know about Gnosis tokens and the upcoming crowd sale
17:40 – The incredibly unique company structure that places the future of Gnosis in the hands of its users
22:01 – Martins thoughts and opinions on the move away from Ethereum Classic
24:54 – Why society would be better off with a Universal Basic Income for everyone.
31:40 – The latest news on the Gnosis release date!
Key Takeaways
“We envision a future in which markets are used to aggregate knowledge and optimize processes throughout information economies.”
“Decentralized Autonomous Organizations allow us to experiment with an aspect of our social interactions that is so far arguably falling behind our rapid advancements in information and social technology.”
“While Augur uses many oracles to determine the outcome of an event, Gnosis uses a mechanism whereby only one or a few oracles provide the outcome, a feature they say will lead to faster validation.”
“Gnosis enables anyone to forecast the outcome of any decidable event.”
Important notes from this episode:
- Find out more about Gnosis’ closest ‘competitor’ Augur
- Understanding Futarchy and its application within Gnosis
- Why Ethereum Classic must die
- Learn more about the Business for Basic Income concept
Connect with Martin:
- Follow Gnosis on Facebook
- Chat to Martin and the Gnosis team in real time on Slack
- Connect with Gnosis on Twitter
- Read the Gnosis blog on Medium
Thanks for listening!
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